Defense Minister backs ‘alternative trade routes’ to Suez Canal – Middle East Monitor
Russian Defense Minister Sergei Shoigu has expressed support for alternative trade routes to the Suez Canal in Egypt and the Silk Road used by China.
“We must build a safe and efficient road between Europe and China,” said Shoigu RBK TV. “The need to create such a transport corridor has become important, especially with developments in the region, including the current situation in Afghanistan.”
He added that this is “of great importance for Russia, as it will create production centers in Siberia, where the modern corridor is located.”
However, the Russian minister underlined the difficulty of implementing such a project due to the costs of the complete modernization of the Trans-Siberian railway. It would also require the construction of new bridges and tunnels.
READ: Egypt to expand Russian industrial zone into Suez Canal
A few weeks ago, media reported that Russia was working on the completion of the North-South International Transport Corridor (INSTC), which would reduce the distance and costs of transporting goods and goods from Asia to Asia. ‘North Europe.
The need for an alternative route to the Suez Canal in Egypt was highlighted when the canal was blocked for almost a week in March by a giant container ship. When the MV Never given ran aground, it created a traffic jam of nearly 400 ships waiting to cross the canal, blocking trade estimated at $ 9.6 billion.